Seven major insurers, including AIA, AXA and HSBC Life, on Monday signed a pledge and joined a Hong Kong Insurance Authority programme to promote the adoption of artificial intelligence in the sector to enhance the city as a regional AI hub. FWD, Prudential, YF Life, and China Taiping Insurance (HK) also signed the pledge during…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Hong Kong stocks rose for a fifth straight trading day on anticipation of US-China trade talks later this week, coupled with continued capital inflows into the city, which have pushed the local currency to the strong end of its trading band. The Hang Seng Index rose 1.8 per cent to 23,075.77 at 10am on Wednesday….
More government pressure is needed for Hong Kong’s aviation sector to meet its climate goals, even as uptake of sustainable aviation fuel (SAF) has risen from a low base thanks to corporate support, according to Cathay Pacific. “Regulators have a key role to play for a level playing field, so that every [player] is doing…